SRF

SRF saw strong demand from overseas markets, higher capacity-utilisation of facilities and significant cost-savings across all product streams

A portfolio of richly valued RoE stocks is expected to outperform the broader market over the longer term.

Stocks to Watch: Vodafone India's net loss widened 6.4 per cent on a year-on-year (YoY) basis at Rs 7,595 crore in the second quarter of FY23 due to an increase in finance and operating expenses

Company has increased capex for the business to tap into new opportunities

The stock has been under pressure on concerns related to the demand, its ability to sustain margins, and increased competitive pressures due to policy decisions

This could aid overall profitability, even though other segments may see margin moderation

Stocks to Watch Today: Asian Paints, Cipla, Gujarat Gas and Vodafone Idea will be in focus ahead of the Q4 results on Tuesday, May 10, 2022.

While there are multiple positives across SRF's key segments, investors should await for a better opportunity to enter the stock

Q3 performance was led by strong demand/realisations in the chemicals business

Bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close

Reliance Industries has decided to implement a Scheme of Arrangement (Scheme) to transfer Gasification Undertaking into a wholly-owned subsidiary (WOS)

Gains from multiple triggers are factored in valuations which limits upsides

The board of directors of the Company is scheduled to meet on Tuesday, August 31, 2021 to consider and approve issuance of bonus shares subject to approval by the shareholders of the Company.

Given the valuation worries, investors should await further correction before considering the stock

While medium term prospects remain strong, the upsides after recent rally are limited

Tata Motors DVR, Intellect Design and SKF India are among the stocks that may be added to the MSCI SmallCap index

Continued demand momentum in packaging and films segment add to the optimism

Most brokerages have revised upwards their earnings estimates, not only for FY21, but also for FY22

ICICI Prudential Mutual Fund, HDFC Life Insurance Company, ICICI Prudential Life Insurance Company, Nippon Life India Asset Management, and SBI Mutual Fund have allotted shares in QIP.

All that happened in the markets today